First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Stock Price Up 0.2% – Here’s Why

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH)’s share price traded up 0.2% on Monday . The stock traded as high as $108.41 and last traded at $108.11. 35,098 shares traded hands during mid-day trading, a decline of 25% from the average session volume of 46,663 shares. The stock had previously closed at $107.91.

First Trust Health Care AlphaDEX Fund Trading Up 0.2 %

The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 19.31 and a beta of 0.76. The stock’s fifty day moving average price is $107.60 and its 200-day moving average price is $108.95.

Hedge Funds Weigh In On First Trust Health Care AlphaDEX Fund

Several large investors have recently modified their holdings of FXH. Janney Montgomery Scott LLC purchased a new stake in First Trust Health Care AlphaDEX Fund in the 4th quarter valued at about $8,301,000. Bank of Montreal Can increased its position in shares of First Trust Health Care AlphaDEX Fund by 1,354.7% during the third quarter. Bank of Montreal Can now owns 18,126 shares of the company’s stock valued at $1,907,000 after acquiring an additional 16,880 shares during the last quarter. World Investment Advisors LLC purchased a new stake in shares of First Trust Health Care AlphaDEX Fund in the 3rd quarter valued at approximately $1,239,000. Benjamin Edwards Inc. lifted its holdings in shares of First Trust Health Care AlphaDEX Fund by 945.9% in the 3rd quarter. Benjamin Edwards Inc. now owns 11,860 shares of the company’s stock worth $1,327,000 after acquiring an additional 10,726 shares during the last quarter. Finally, Schrum Private Wealth Management LLC boosted its position in shares of First Trust Health Care AlphaDEX Fund by 68.0% during the 3rd quarter. Schrum Private Wealth Management LLC now owns 25,436 shares of the company’s stock worth $2,845,000 after purchasing an additional 10,298 shares during the period.

About First Trust Health Care AlphaDEX Fund

The First Trust Health Care AlphaDEX Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before fees and expenses, of an equity index called the StrataQuant Health Care Index. The StrataQuant Health Care Index is an index developed, maintained and sponsored by the NYSE Group, Inc or its affiliates (NYSE), which employs the AlphaDEX stock selection methodology to select stocks from the Russell 1000 Index.